Date of Eligibility / Waiting Period
You are eligible for benefits under this STD Plan upon completing the Waiting Period, provided you are a full-time employee and in Active Employment on that date. If you are not in Active Employment on that date, you will become eligible upon your return to full- time Active Employment. Employees who have completed the Waiting Period are referred to as “Eligible Employees”.
The Waiting Period ends on the first day of the month coinciding with or next following 90 days of continuous Active Employment as a full-time employee.
If you are an Eligible Employee (that is, you have satisfied the Waiting Period), you are eligible for the Weekly Benefit if you become Disabled, subject to all the other terms of this STD Plan.
Weekly Benefit
The Weekly Benefit is 60% of an Eligible Employee’s Basic Weekly Earnings, up to a maximum of $2,000 per week, reduced by Other Income and applicable withholding and subject to all the terms of this policy.
Maximum STD Benefit Period
Benefits for an Eligible Employee begin following the expiration of 7 calendar days of Disability (referred to as the “Elimination Period”) and continue for up to a maximum of 26 weeks following the beginning of the Elimination Period.
TERMS YOU SHOULD KNOW
The following terms used in this STD Plan have special meanings, as follows:
“ Active Employment ” means you must be working:
o for your Employer on a full-time basis and paid regular earnings;
o either at your Employer’s usual place of business or at a location to which your Employer’s business requires you to travel;
o performing all of the duties of your regular occupation; and
o not confined in any institution providing care or treatment of physical or mental illness or injury.
“ Basic Weekly Earnings ” means your gross weekly earnings from your Employer in effect just prior to your date of Disability. It includes your base salary plus your prior calendar year’s bonuses and commissions and the contributions you make to a Section 125 plan, flexible spending account and qualified deferred compensation plan. It does
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